The GBPJPY is affected by the contradiction of the indicators– Analysis – 18-4-2019

The GBPJPY pair is forced to form some sideways trading, affected by the contradiction between the moving average 55 by its stability below the current trading and stochastic negativity, which approaches from 20 level, to provide negative momentum again.

Therefore, we expect the price affection by the intraday sideways domination until gathering a new positive momentum, to assist to reinforce the bullish correctional expectation that depends on the stability of 144.80 level, to wait for achieving the targets that are located at 147.20 and 148.10.

The expected trading range for today is between 145.20 and 147.20

The expected trend for today: Bullish